Dollar Tree, Inc. (NASDAQ:DLTR) Shares Sold by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec lessened its holdings in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 2.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 195,968 shares of the company’s stock after selling 4,032 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Dollar Tree were worth $13,780,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Empower Advisory Group LLC raised its holdings in Dollar Tree by 41.3% in the third quarter. Empower Advisory Group LLC now owns 659,747 shares of the company’s stock valued at $46,393,000 after acquiring an additional 192,754 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Dollar Tree by 374.4% in the third quarter. Farther Finance Advisors LLC now owns 2,277 shares of the company’s stock valued at $160,000 after acquiring an additional 1,797 shares in the last quarter. Equity Investment Corp raised its holdings in Dollar Tree by 95.9% in the third quarter. Equity Investment Corp now owns 1,525,374 shares of the company’s stock valued at $107,264,000 after acquiring an additional 746,913 shares in the last quarter. Forest Avenue Capital Management LP acquired a new stake in Dollar Tree in the third quarter valued at approximately $19,591,000. Finally, Anthracite Investment Company Inc. acquired a new stake in Dollar Tree in the third quarter valued at approximately $2,813,000. Institutional investors and hedge funds own 97.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DLTR. Truist Financial reduced their target price on shares of Dollar Tree from $140.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Guggenheim reduced their target price on shares of Dollar Tree from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Loop Capital lowered shares of Dollar Tree from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research note on Thursday, September 5th. KeyCorp cut shares of Dollar Tree from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 7th. Finally, UBS Group cut their price objective on shares of Dollar Tree from $155.00 to $105.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Dollar Tree has a consensus rating of “Hold” and an average price target of $87.95.

Insider Buying and Selling at Dollar Tree

In other news, Director Daniel J. Heinrich acquired 2,200 shares of the company’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $68.27 per share, with a total value of $150,194.00. Following the purchase, the director now owns 9,823 shares of the company’s stock, valued at $670,616.21. This represents a 28.86 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 6.80% of the stock is currently owned by corporate insiders.

Dollar Tree Stock Performance

Shares of Dollar Tree stock opened at $71.27 on Monday. The firm’s fifty day simple moving average is $67.47 and its 200-day simple moving average is $88.32. The stock has a market capitalization of $15.32 billion, a price-to-earnings ratio of -14.60, a PEG ratio of 2.82 and a beta of 0.87. Dollar Tree, Inc. has a 12 month low of $60.49 and a 12 month high of $151.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.17.

Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, September 4th. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.37). The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.49 billion. Dollar Tree had a negative net margin of 3.44% and a positive return on equity of 15.77%. The business’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 earnings per share. As a group, equities analysts forecast that Dollar Tree, Inc. will post 5.35 earnings per share for the current year.

Dollar Tree Profile

Dollar Tree, Inc operates retail discount stores. The company operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, which includes everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods that include Christmas, Easter, Halloween, and Valentine's Day merchandise.